Frauds

3rd NovaTech FX securities fraud warning from Canada (ONT)

The Ontario Securities Fee has issued a NovaTech FX securities fraud warning. As per the OSC’s December thirteenth warning, NovaTech FX, working as Novatech LTD, isn’t registered in Ontario to have interaction within the enterprise of buying and selling in securities. That is the equal of a securities fraud warning in different jurisdictions. The OSC […]

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Richard Maike sentenced to 10 years in prison for I2G fraud

Infinity2Global Ponzi founder Richard Maike has been sentenced to 10 years in jail. Maike may also pay a $100,000 financial high quality, with restitution to be decided subsequent 12 months. Infinity2Global was an MLM Ponzi scheme Maike (proper) launched again in 2013. Lengthy after I2G had collapsed, Maike and a number of other prime I2G

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Forcount founder and three promoters sued by SEC

Forcount founder Francisley Valdevino Da Silva (aka Francis Silva), has been sued by the SEC. The SEC has additionally filed civil fraud fees towards three US-based promoters. Francis Da Silva (proper), refers to himself because the “Cryptocurrency Sheik” and “boss of the pyramid scammers”. Da Silva, a Brazilian nationwide, is the founding father of Forcount

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Forcount founder & top promoters indicted for wire fraud

Forcount Ponzi founder Francisley Valdevino Da Silva (aka Francis Silva), has been indicted within the US and arrested in Brazil. Two prime Forcount Ponzi promoters within the US have additionally been indicted. Forcount was a late 2017 MLM crypto Ponzi, launched as a reboot of the collapsed Cointherum Ponzi scheme. Forcount traders invested litecoin and

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Paparazzi toxic jewelry class-actions will not be consolidated

A Utah courtroom has declined to consolidate 5 individually filed Paparazzi class-actions. The courtroom discovered that whereas “widespread factual questions” between the instances exist; The authorized questions and relevant substantive regulation additionally differ among the many 5 instances. And consolidation is pointless for judicial economic system or to deal with the events’ need to coordinate

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NewAge Beverages facility sold off under Chapter 11 plan

NewAge Drinks’ Colorado facility will likely be bought off beneath a proposed Chapter 11 Plan of Liquidation. Filed on November thirtieth, the sixty-one web page doc particulars NewAge’s Chapter 11 chapter restructuring plan. NewAge itself, Ariix and Morinda stay intact, nevertheless NewAge Drinks will likely be bought off Legacy Distribution Group for $4.5 million. That

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